What is remaining life in SAP FI-AA - Asset Accounting?

SAP Term: remaining life

• Component: FI-AA

• Component Name: Asset Accounting

• Description: The portion of the total planned useful life for which depreciation has not yet been calculated.

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• Key Concepts: 
  Remaining life is a term used in SAP FI-AA Asset Accounting to refer to the estimated amount of time that an asset will remain in service. It is calculated based on the asset's depreciation rate and its current book value. The remaining life of an asset can be used to determine when it should be replaced or when it should be sold. 
  
  How to use it: 
  In SAP FI-AA Asset Accounting, the remaining life of an asset can be viewed in the Asset Master Data screen. This screen displays the asset's current book value, depreciation rate, and remaining life. The remaining life can also be used to calculate the expected future book value of the asset. 
  
  Tips & Tricks: 
  It is important to keep track of the remaining life of an asset in order to ensure that it is replaced or sold at the right time. This will help to maximize the return on investment for the asset and minimize any potential losses due to depreciation. 
  
  Related Information: 
  The remaining life of an asset can also be used to calculate its residual value, which is the estimated value of the asset at the end of its useful life. This information can be used to determine whether or not it is worth investing in a new asset or if it would be more cost-effective to repair or replace existing assets.